Homebuyers: Get The Housefax First

HAYMARKET, Va., July 2, 2013 /PRNewswire/ -- Housefax.com™ today launched the first national property data service that delivers comprehensive, consolidated home reports to consumers. The reports are available online for $59 each, and show U.S. home histories of building permits, mortgage information, fire, flood, sink hole and other important residential property records.

"Though we're in the midst of a housing rebound, many homes have been neglected, rented, foreclosed or left vacant, and today's buyers are far more cautious," said Housefax Founder and CEO Eddy Lang. "When finalizing a contract on a home, inspection reports often threaten closings too late in the process, and can miss hidden red flags like mold, fire and flood damage, or even meth labs, sink holes, earthquake fault lines and other hazards. It's important to do your own residential diligence before making an offer on any home."

In 2012 Lang organized a team of technology, real estate and marketing professionals to build the database and buyer-beware reporting format designed to provide consumers with consolidated, affordable information.

"With this dynamic team and startup company, Housefax is serving a critical consumer need, giving buyers peace of mind, and bringing more trust, diligence and greater certainty to the housing market," said Lang. "We are dedicated to being the pre-offer, pre-inspection solution for residential real estate."

The idea for Housefax came to Lang more than a decade ago when he saw how the late Ed McMahon and his wife were sickened by toxic mold in their Beverly Hills home – which killed their dog. After their multimillion-dollar settlement, insurance companies began excluding water damage and mold from coverage. "I wanted to create something to protect my customers from going through the process of making an offer on a house, getting a loan, and only later finding out that they couldn't get insurance. Researching all the potential pitfalls on your own will cost time and money. Housefax is instant and affordable."

"The timing is right for Housefax," said Housefax President, technology entrepreneur and investor Michael Abdy. Last year Abdy wanted to make an offer on a Florida home with his father, whose real estate career spans 40 years. "I thought the house looked fine, but my dad's sixth sense said, 'this place has problems.' He was right, and it showed me the need for a tool like Housefax. When I found that Eddy had the same idea, we joined forces."

Housefax aggregates a variety of public and proprietary data, gathering accurate and reliable information from the most accredited sources. The data services team, led by CTO Hassib Amiryar, continues to research and develop features, tools and additional data points as the company builds out the system in 2013.

"No one's been able to combine all these tools and information into one universal report to help consumers make better decisions," said Housefax Chief Strategy Officer Allan Dalton, former CEO of Realtor.com and recognized as one of the top 25 most influential leaders in real estate. "As the market rebounds, Housefax will complement the roles of real estate professionals and home inspectors, preserve more transactions, and convert the market from 'Buyer Beware' to 'Buyer Aware.'"

About Housefax.com
Housefax.com is the first national property data aggregation service that delivers convenient, consolidated home reports including building permits, mortgage information, fire, flood, catastrophe history and other residential property records (coverage varies by state). Housefax is the critical "one-stop-shop" residential diligence tool for today's smart homebuyers. For more information and to view a sample report, visit www.housefax.com.

SOURCE Housefax.com